Orion Energy Systems, Inc. announced that it has appointed Richard A. Shapiro to its board of directors effective immediately. Mr. Shapiro is the Founder and Chief Investment Officer of Ridge Run Partners, LLC. Previously, Mr. Shapiro served as Portfolio Manager at Millennium Management, where he was focused on equity investments, from 2020 to 2021, and, earlier in his career at Millennium, from 2007 to 2011.

From 2011 to 2020, Mr. Shapiro was at Wexford Capital, where he was Portfolio Manager and Co-Head of Equites, and was also a member of Wexford's Hedge Fund Investment Committee. Mr. Shapiro currently serves on the board of directors of Elah Holdings, Inc. Mr. Shapiro holds an M.B.A. from Georgetown University and a B.S. in Business Administration from the University of Southern California. Mr. Shapiro's appointment to the board of directors is pursuant to a Cooperation Agreement among Orion, Philotimo Fund, LP and Kanen Wealth Management, LLC.

Mr. Shapiro will serve as a Class II director with a scheduled regular term expiring at the Company's 2024 annual meeting of shareholders.